Employers are expected to save $115 over the next three years. The bill would reduce the unemployment fund size multiplier and reduce employer’s taxable wage rate for unemployment insurance taxes.

Contributed photo

Idaho Capitol Building

H 335 passed the House and the Senate unanimously two week.

“I congratulate and thank the Legislature for accepting my challenge to make this commonsense tax relief ‘Job One’ for the 2018 session” Otter said. “Idaho’s job creators, large and small, will benefit from this needed adjustment, and our already booming economy will get another boost.”

“We will have one of the best reserves of all fifty states as a result of this. On top of the fact that we don’t have any debt in Idaho,” said Lt. Gov. Brad Little, who is running for governor.

In answer to a question about future tax bills this session, Otter said, “we’re going to see a lot of things come down. I’ll just say that.”

– Kyle Pfannenstiel covers the 2018 Idaho Legislature for the University of Idaho McClure Center for Public Policy Research.